In the current year HomeToGo wants to turn over 80 million euros.
(Photo: mauritius images / Timon Schneider / Alamy)
Berlin Gold-colored snippets rained down on the employees of the holiday home platform HomeToGo on Wednesday morning: The company celebrated its IPO. Because the start-up did not use a traditional IPO for this, founder Patrick Andrä did not ring the bell on the Frankfurt floor, but in the Berlin office. Around 250 million euros flowed into his company, which slipped into a stock market jacket, a so-called Spac.
A sponsor first brings an empty shell to the stock exchange in order to later merge it with a growth company that comes to the market at such an accelerated rate – like HomeToGo now.
In the current wave of Spac IPOs, the vacation home platform is still an exception: Almost all such accelerated IPOs take place in the USA. HomeToGo was only the second Spac deal in Germany after the toy manufacturer Boxine. Behind this is the venture capitalist Lakestar of the German-Swiss investor Klaus Hommels, who has been involved in HomeToGo for a long time.
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